The Problems of Acquisition and Replacement of Plant and Equipment in a Manufacturing Industry

 The Problems of Acquisition and Replacement of Plant and Equipment in a Manufacturing Industry

The establishment of a consistent industrial system in which technology is fully understood is the primary objective of many developing countries.   According to Omorodion (1986) an industrial system is a body of capital goods industries (Metallurgy, engineering, building and public works) of intermediate goods and consumer goods which are linked together by buying and selling relationship. [Read more…]